Contaminated sediments, whether in freshwater or marine systems, pose a significant environmental challenge both within the United States and across the globe. Cost estimating for sediment-related cleanup projects is such a persistent challenge to financial professionals and planners charged with estimating such cleanup efforts because estimating the true costs of such projects is tremendously difficult and riddled with high degrees of uncertainty.
ERCI developed a comprehensive Parametric model for assisting financial professionals and planners in developing appropriate cost estimates for the processing and disposal of dredged materials which can be used for planning and budgetary purposes, communicating with appropriate stakeholders, and providing guidance to senior management. This multi-variable financial model enables cost estimates for either a single site or a portfolio of sites, while still allowing for individual site specifications, by providing cumulative costs over the collective remediation period. It allows for “what if” scenarios and provides both numerical and graphical depictions of these aforementioned cost estimates.